Independent producer RockRose has announced the completion of its acquisition of Marathon Oil UK (MOUK) and Marathon Oil West of Shetland Limited (MOWOS).
MOUK holds interests in the Greater Brae Area, while MOWOS holds a 28% interest in the BP-operated Foinaven field, as well as interests in the Foinaven East, T25, and T35 satellite accumulations. The deal also includes interests in the SAGE, Brae-Forties and WOSPS infrastructure, which provide additional income. Read more…